GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Impala Platinum Holdings Ltd (OTCPK:IMPUY) » Definitions » Cyclically Adjusted FCF per Share

Impala Platinum Holdings (Impala Platinum Holdings) Cyclically Adjusted FCF per Share : $0.58 (As of Dec. 2023)


View and export this data going back to 2001. Start your Free Trial

What is Impala Platinum Holdings Cyclically Adjusted FCF per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years.

Impala Platinum Holdings's adjusted free cash flow per share data for the fiscal year that ended in Jun. 2023 was $0.681. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is $0.58 for the trailing ten years ended in Jun. 2023.

During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 139.10% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted FCF Growth Rate using Cyclically Adjusted FCF per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of Impala Platinum Holdings was 139.10% per year. The lowest was -40.30% per year. And the median was -7.85% per year.

As of today (2024-04-29), Impala Platinum Holdings's current stock price is $ 4.90. Impala Platinum Holdings's Cyclically Adjusted FCF per Share for the fiscal year that ended in Jun. 2023 was $0.58. Impala Platinum Holdings's Cyclically Adjusted Price-to-FCF of today is 8.45.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Impala Platinum Holdings was 371.39. The lowest was 5.42. And the median was 21.42.


Impala Platinum Holdings Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Impala Platinum Holdings's Cyclically Adjusted FCF per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Impala Platinum Holdings Cyclically Adjusted FCF per Share Chart

Impala Platinum Holdings Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.02 0.04 0.32 0.52 0.58

Impala Platinum Holdings Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Cyclically Adjusted FCF per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - 0.52 - 0.58 -

Competitive Comparison of Impala Platinum Holdings's Cyclically Adjusted FCF per Share

For the Other Precious Metals & Mining subindustry, Impala Platinum Holdings's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Impala Platinum Holdings's Cyclically Adjusted Price-to-FCF Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Impala Platinum Holdings's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Impala Platinum Holdings's Cyclically Adjusted Price-to-FCF falls into.



Impala Platinum Holdings Cyclically Adjusted FCF per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years.

What is Cyclically Adjusted FCF per Share? How do we calculate Cyclically Adjusted FCF per Share?

Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, Impala Platinum Holdings's adjusted Free Cash Flow per Share data for the fiscal year that ended in Jun. 2023 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share /CPI of Jun. 2023 (Change)*Current CPI (Jun. 2023)
=0.681/148.8016*148.8016
=0.681

Current CPI (Jun. 2023) = 148.8016.

Impala Platinum Holdings Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.062 95.813 -0.096
201506 -0.291 100.173 -0.432
201606 -0.090 106.713 -0.125
201706 -0.260 112.054 -0.345
201806 -0.486 116.959 -0.618
201906 0.642 122.191 0.782
202006 0.880 124.807 1.049
202106 3.238 131.113 3.675
202206 1.968 140.835 2.079
202306 0.681 148.802 0.681

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.


Impala Platinum Holdings  (OTCPK:IMPUY) Cyclically Adjusted FCF per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

Impala Platinum Holdings's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=4.90/0.58
=8.45

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Impala Platinum Holdings was 371.39. The lowest was 5.42. And the median was 21.42.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


Impala Platinum Holdings Cyclically Adjusted FCF per Share Related Terms

Thank you for viewing the detailed overview of Impala Platinum Holdings's Cyclically Adjusted FCF per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Impala Platinum Holdings (Impala Platinum Holdings) Business Description

Traded in Other Exchanges
Address
2 Fricker Road, Illovo, Johannesburg, GT, ZAF, 2196
Impala Platinum Holdings Ltd is one of the world's largest producers of platinum and associated platinum group metals, including palladium and rhodium. The company is structured with five main operations located in Impala, Zimplats, Marula, Mimosa, and Two Rivers. Impala is the group's main operational unit and is situated on the Impala lease area on the western limb of Bushveld, east of Johannesburg in South Africa, and is one of the largest platinum-group-metal-bearing ore bodies in the world. The Impala operation comprises a 10-shaft mining complex and concentrating and smelting plants.

Impala Platinum Holdings (Impala Platinum Holdings) Headlines

From GuruFocus

THOMAS WHITE INTERNATIONAL LTD Buys 2, Sells 3 in 2nd Quarter

By GuruFocus Research GuruFocus Editor 08-14-2022

Impala Platinum Is a Great Way to Invest in Unloved Precious Metals

By Holmes Osborne, CFA Holmes Osborne, CFA 03-27-2018

Impala Platinum: Troubled Company, Interesting Stock

By Holmes Osborne, CFA Holmes Osborne, CFA 03-04-2016

Review of 10 Ideas on GuruFocus

By Holmes Osborne, CFA Holmes Osborne, CFA 11-01-2016